The Economic Watchdog is committed to the persuit and discussion of all matters of economic concern. Furthermore, we serve as a place for "The People" to become informed and openly discuss matters of the economy in an academic style.

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The Dog's Favorite Quotation:

“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.”~John Maynard Keynes(General Theory of Employment, Interest, and Money, 1935)

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Sunday, April 11, 2010

There have been some interesting developments going on in the economic arena. Greece keeps the Euro-zone and the world in a constant state of speculation of weather the nation will default or achieve the financing to continue. Best of all, was an interesting working paper filed over at the BIS website. The report (Working Papers No. 300) that the dog wants to point you in the direction of is entitled "The future of public debt: prospects and implications" and is written by Stephen Cecchetti, MadhusudanMohanty and FabrizioZampo. In short, the report claims that the debt in advanced nations is unsustainable and that drastic changes are necessary for monetary stability.